Vehicle leasing is the leasing (or the use of) a motor vehicle for a fixed period of time. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay. The key difference in a lease is that after the primary term (usually 2,3 or 4 years) the vehicle has to be returned to the leasing company for disposal.
Read more about Vehicle Leasing: Rationale, Lease Agreement, See Also
Famous quotes containing the word vehicle:
“If you are to reach masses of people in this world, you must do it by a sign language. Whether your vehicle be commerce, literature, or politics, you can do nothing but raise signals, and make motions to the people.”
—John Jay Chapman (1862–1933)